A successful business turnaround is a terrific way to transform an organization that’s stuck, but how big does the plateau have to be before you take action?

And what kind of action is necessary to jumpstart healthier growth and profitability? Today’s business turnaround expert, Rich Allocco, shares his insights.

* The 3 red flags that signal the need for a business turnaround

* How business turnarounds share the same symptoms, but not the same root cause

* Why trust is essential to leading a successful business turnaround

* How to break down silos that stand in the way of a successful business turnaround

* And much more

After studying Economics at the University of Notre Dame Rich Allocco joined IBM in Large System Sales. After turning several complex competitive situations to IBM Rich was appointed Manager of Wall Street accounts and tasked with growing sales and returning competitive accounts back to IBM. From there he was named Manager, National Large System Competitive Marketing and then Branch Manager for sales and services for a 250M in revenue office in San Francisco. Rich then joined a small team of IBM executives tasked to turnaround an IBM company losing $1M a day. That company was returned to profitability and eventually sold.

Rich joined Siemens US and continued in functional sales and services roles and then company turnaround situations. Rich joined Remedy and ran Global Sales and Services, growing the company 4x in his tenure. He was then invited to work with several companies in need of turnaround, change and rapid growth.

If you liked this interview, you might also enjoy our other Finance episodes.

Contact Rich and connect with him on LinkedIn.

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